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Pensions : Will the Government ignore their Ombudsman again? (Equitable Life)

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Once again, the Parliamentary Ombudsman has found the Government guilty of maladministration in the matter of pensions.

 

Today's report, (news on BBC), highlights the plight of Equitable Life investors.

 

The Ombudsman's report is Equitable Life: a decade of regulatory failure. Does anyone think that this will be treated with any more regard than the previous Trusting in the pensions promise?

 

It seems to me that the Government are able to discard the Ombudsman's findings when it suits them. If that's right, what's the point of having one?

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If the government poked it's nose into every business it would be accused of interfering if it does nothing then it is accused of not caring. Once again the taxpayers foot the bill.

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Despite the report putting the blame in the lap of the regulators, it seems the Government is still back peddaling on this matter. It now appears they want to means test pensioner to see who NEEDS compensating, rather than the reports findings that all should receive compensation.

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